USD 250 million loan agreement with the World Bank formed

Q.  India has signed a USD 250 million with the World Bank for which project?
- Published on 21 Jan 16

a. Bihar Kosi Basin Development Project
b. Damodar Basin Development Project
c. Odisha Mahanadi Basin Development Project
d. None of the above

ANSWER: Bihar Kosi Basin Development Project
 
India has signed a USD 250 million loan agreement with the World Bank for Bihar Kosi Basin Development Project for enhancing resilience to for floods and enhancing agricultural productivity. Objective of the project is for enhancing resilience to floods and enhancing agricultural production and productivity in targeted districts in Kosi River Basin and enhance the capacity of Bihar to respond effectively to an eligible crisis or emergency. FM has indicated this in a statement. Primary beneficiaries will be rural producer and households in the Kosi River Basin who are exposed to floods, it is indicated.

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